5 stories mentioning SHE:002916Updated 14d ago
Every FINWIRES story that references SHE:002916, newest first.
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Shennan Circuits (SHE:002916) plans to raise 4.37 billion yuan in proceeds from a share placement, according to a Wednesday filing on the Shenzhen bourse.The proceeds will be used for the Wuxi Sunlord AI circuit products project and for the supplementation of the Chinese printed circuit board maker's working capital.
Shennan Circuit's (SHE:002916) attributable profit rose 66% to 2.25 billion yuan in the first half from 1.36 billion yuan in the year-ago period, according to a Thursday filing with the Shenzhen Stock Exchange.Earnings per share at the printed circuit board maker increased to 3.32 yuan from 2.04 yuan in the prior-year period.Operating revenue grew 46% year over year to 15.3 billion yuan from 10.5 billion yuan.Company shares jumped 5% during the midday break on Thursday.
Shennan Circuit (SHE:002916) forecasted first-half attributable net profit of between 2.10 billion yuan and 2.30 billion yuan, compared with 1.36 billion yuan the previous year.The 54% to 69% rise is attributed to surging AI-related demand for storage and computing power, according to a Tuesday filing with the Shenzhen bourse.Basic earnings per share are expected to rise to 3.15 yuan to 3.45 yuan, versus 2.04 yuan last year.Shares of the printed circuit board manufacturer were down 1% in recent trade.
Shennan Circuit (SHE:002916) has an average rating of buy and mean price target of 399.20 yuan, according to analysts polled by FactSet.
Shennan Circuit's (SHE:002916) net profit attributable to shareholders in the first quarter jumped 73% to 850.2 million yuan from 491.4 million yuan a year earlier, according to a Shenzhen bourse filing on Friday.Earnings per share climbed 32% year on year to 1.27 yuan from 0.96 yuan.Operating revenue increased 38% to 6.60 billion yuan from 4.78 billion yuan in the previous year.The printed circuit board manufacturer's shares fell over 1% in late-morning trade Friday.
